Meanwhile, the retailer expects current quarter revenues to grow, compared with the first quarters of 2019 and 2020.
The retailer plans to accelerate the pace of new store openings, update fulfillment capabilities and add more local distribution centers.
Even so, the retailer still plans on increasing its store fleet in the next few years.
The 21,527-square-foot space in Salzburg is to serve as a “window” for the AlphaTauri brand.
The British lingerie start-up is known for its mix of sexy and inclusive offerings.
With $10 million in sales last year, founders of the brand see the next few years as a time of feasible exponential growth.
Katrina Lake, CEO and founder, dishes at the Goldman Sachs Technology and Internet Conference.
The executive chairman of the board and chief executive officer of American Eagle Outfitters discusses fashion amid the era of COVID-19, the future of retail and what he’s learned in 50-plus years as a merchant.
With a recent change of ownership, struggling high-street retailers are also looking at the online marketplace model for an answer.
The retailer released quarterly sales figures, improving at the Free People brand, while falling short at Urban Outfitters and Anthropologie.